Alps Advisors Inc. increased its position in shares of Toro Company (The) (NYSE:TTC) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,825 shares of the company’s stock after buying an additional 54 shares during the period. Alps Advisors Inc.’s holdings in Toro Company (The) were worth $611,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NEXT Financial Group Inc increased its stake in shares of Toro Company (The) by 2.4% in the first quarter. NEXT Financial Group Inc now owns 2,787 shares of the company’s stock worth $181,000 after buying an additional 66 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Toro Company (The) during the first quarter worth $189,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Toro Company (The) during the first quarter worth $208,000. Creative Planning increased its stake in shares of Toro Company (The) by 11.0% in the first quarter. Creative Planning now owns 3,384 shares of the company’s stock worth $211,000 after buying an additional 335 shares during the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Toro Company (The) during the second quarter worth $212,000. 76.52% of the stock is currently owned by institutional investors.

Shares of Toro Company (NYSE:TTC) opened at 70.12 on Monday. The firm has a 50-day moving average price of $71.24 and a 200-day moving average price of $65.94. The stock has a market capitalization of $7.57 billion, a PE ratio of 31.19 and a beta of 0.56. Toro Company has a 1-year low of $46.09 and a 1-year high of $73.86.

Toro Company (The) (NYSE:TTC) last posted its quarterly earnings data on Thursday, May 25th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The firm had revenue of $872.77 million during the quarter, compared to the consensus estimate of $863.17 million. Toro Company (The) had a return on equity of 44.74% and a net margin of 10.23%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. On average, equities research analysts forecast that Toro Company will post $2.37 earnings per share for the current year.

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TTC has been the topic of a number of recent research reports. BidaskClub downgraded Toro Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research raised Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Thursday, July 13th. Finally, Longbow Research raised Toro Company (The) from an “underperform” rating to a “neutral” rating in a research report on Monday, May 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Toro Company (The) presently has a consensus rating of “Buy” and an average price target of $62.75.

In other Toro Company (The) news, Director Gary Lee Ellis sold 10,492 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $67.57, for a total transaction of $708,944.44. Following the completion of the sale, the director now directly owns 37,304 shares of the company’s stock, valued at approximately $2,520,631.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William E. Brown, Jr. sold 19,332 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $70.88, for a total value of $1,370,252.16. Following the sale, the vice president now directly owns 189,790 shares of the company’s stock, valued at $13,452,315.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,872 shares of company stock valued at $5,119,937. 5.69% of the stock is owned by company insiders.

Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

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